As GXBank celebrates its first anniversary, the company unveiled a couple of new features such as TeXnovasi and GXFlexiCredit. However, customers who have been using the GXBank debit card are wondering what will happen to the cashback. After all, the GX Rewards Experience is ending today and we have the answer.
According to Pei-Si Lai, Chief Executive Officer of GXBank, it is confirmed that the initial unlimited 1% cashback reward will be reverting to just 0.1%. In context, if you are spending a RM100 with the debit card, you will only get 10 cents back instead of RM1. Previously, GXBank also adjusted the 3% daily interest rate to 2% for both Main Account and Savings Pockets from 1 October 2024.
GXBank debit card users will probably not be pleased with this but it's still usable for foreign transactions. Customers can still have:
- 1% cashback on all in-store overseas spending
- Zero markups on exchange rates
- Zero fees for overseas ATM cash withdrawals
- Zero fees on overseas transactions
On top of that, the debit card will still retain zero fees for MEPS ATM cash withdrawals, as well as zero annual fees and zero card issuance fees. Additionally, customers can still earn 1.5x GrabRewards on Jaya Grocer and 3x GrabRewards on overseas Grab spending. All in all, it still has some uses for overseas.
To read more about TeXnovasi and GXFlexiCredit, you can check out our news coverage right over here. Stay tuned for more trending tech news at TechNave.com.
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